Overview
SVN Three Rivers Commercial Advisors is pleased to present Campus Edge at IUP for sale. The properties (7 buildings), comprised of 300 beds, 179 units, and 23,536 SF of commercial space, have been operating as student housing assets for Indiana University of Pennsylvania.
Located just steps from IUP’s campus, the properties offer a comprehensive amenity package designed to enhance the student living experience. Amenities include a state-of-the-art fitness center, student commons with computer lounge and arcade, on-site food and beverage options including Subway and Commonplace Coffee, on-site laundry facilities, community center with party space, common area study lounges, and green space for pets. Additional features include online payments, WIFI internet, proximity to public transportation, and available parking (additional fees apply). Students also benefit from nearby shopping and dining options, reinforcing the property’s convenience and desirability.
Investment Highlights
WELL-MAINTAINED ASSETS: Well-maintained assets with over $600,000 in capital improvements including a student lounge with a computer lab, arcade games, gym, and staff offices. Additional upgrades include a redesigned atrium, upgraded signage, exterior improvements, a new laundry room, an upgraded elevator, and eight renovated apartments.
PROXIMITY TO IUP: Ideal Location! The properties are adjacent to IUP’s campus and are surrounded by local shopping, restaurants, and other services. Bus stops are within walking distance to properties as well.
MIXED-USE: Property not only relies on student housing, but also has over 23,000 SF of commercial space. These tenants serve as diversity to the asset and also amenities to the residents.
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